privatization

On Thursday the Piraeus forestry authority declared 3.7-hectars of the old Elliniko airport plot as protected woodland that cannot be built on - throwing yet another setback in the construction at the Elliniko project. In specific, builders are concerned with...

Greece’s privatization fund HRADF announced on Friday it has received three improved binding financial offers for the acquisition of a 67 percent stake in Thessaloniki Port Authority SA (OLTH). The improved financial offers were submitted by: - International Container Terminal Services...

From next month on, the levy that applies to passengers' tickets who fly to Greece from outside of the Schengen zone will be the same as those flying within the bloc, however, the levy will also be applying to...

Fraport Greece and Duty Free Shops signed a 30-year contract for Greece's 14 regional airports to be managed by Fraport. Under the contract, Fraport Greece will more than double the space of commercial area from 5,000 sq.m. to more than...

In additional to the 24-hour strike that the public transportation workers for the ISAP railway and tram announced for this Thursday, the union has now added two 24-hour strikes next week. The announcement came from a union representing the fixed-track transport...

On Thursday Piraeus Bank announced the completion of the sale of a stake held in its subsidiary in Cyprus, Piraeus Bank Cyprus Ltd, to Holding M. Sehnaoui SAL for 3.2 million euros. In an announcement, the bank said that the...

Although the original plan for selling off a portion of the Thessaloniki Port Authority (OLTH) was to reallocate only 51 percent of the stakes and to sell off the remaining 16 percent at a later date, sources have reported...

After months of deliberations the Greek Parliament has tabled a clause for the licensing of a casino in the new development at Elliniko Park. This newly drafted law states that the concession of the casino at Elliniko will be conducted via...

Work on a second runway at Makedonia Airport may be postponed in order to save the deal struck by Fraport in the privatization of 14 regional airports in Greece. The Fraport/Slentel consortium recently threatened to abandon the operation of the 14 airports...

As soon as the details are finalized for the privatization of the former Elliniko international airport site, Greeks can expect to see construction commence. According to sources, the government has announced the approval of a casino permit, which is...